Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Down 7% – Should You Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) traded down 7% on Monday. The stock traded as low as $35.31 and last traded at $35.2040. Approximately 8,162,898 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 48,386,633 shares. The stock had previously closed at $37.85.

Direxion Daily MU Bull 2X ETF Stock Performance

The business’s 50-day moving average price is $30.56 and its two-hundred day moving average price is $27.77.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Several hedge funds have recently added to or reduced their stakes in MUU. Vestor Capital LLC acquired a new position in Direxion Daily MU Bull 2X ETF in the first quarter worth about $315,000. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $482,000. Corient Private Wealth LP bought a new stake in Direxion Daily MU Bull 2X ETF during the 2nd quarter worth approximately $523,000. Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at $658,000. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter valued at about $808,000.

Direxion Daily MU Bull 2X ETF Company Profile

The Direxion Daily MU Bull 2X Shares (MUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUU was launched on Oct 10, 2024 and is issued by Direxion.